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Segment information (Tables)

3 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents revenue and cost of revenue for the Group’s reportable segments, reconciled to the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss):

(in USD thousands)			Three Months Ended September 30,
			2025						2024
Reportable segment revenue
Bitcoin mining revenue			$	232,948					$	49,575
AI Cloud Services revenue			7,347						3,189
Total segment and consolidated revenue			240,295						52,764
Reportable segment cost of revenue (exclusive of depreciation and amortization shown below):
Bitcoin mining			(79,945)						(31,627)
AI Cloud Services			(728)						(232)
Total segment and consolidated cost of revenue			(80,673)						(31,859)
Segment gross profit (loss)			159,622						20,905
Reconciling items:
Selling, general and administrative expenses			(138,359)						(25,172)
Depreciation and amortization			(85,226)						(33,931)
Impairment of assets			(16,257)						(6,942)
Gain (loss) on disposal of property, plant and equipment			(13)						833
Other operating expenses			—						(4,405)
Other operating income			3,828						1,626
Finance expense			(9,280)						(22)
Interest income			7,128						2,289
Increase (decrease) in fair value of assets held for sale			—						(2,582)
Realized gain (loss) on financial instruments			(5,756)						(4,215)
Unrealized gain (loss) on financial instruments			664,993						—
Foreign exchange gain (loss)			(5,382)						1,190
Other non-operating income			—						5
Income tax (expense) benefit			(190,687)						(1,282)
Net income (loss)			$	384,611					$	(51,703)

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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